By the way, here is the statement from Hahvahd President Drew Faust - FAUST! Folks, I can't make this stuff up if I tried.
Here's a piece of it (issued before the club withdrew its sponsorship):
"The decision by a student club to sponsor an enactment of this ritual is abhorrent; it represents a fundamental affront to the values of inclusion, belonging and mutual respect that must define our community. It is deeply regrettable that the organizers of this event, well aware of the offense they are causing so many others, have chosen to proceed with a form of expression that is so flagrantly disrespectful and inflammatory.
Nevertheless, consistent with the University’s commitment to free expression, including expression that may deeply offend us, the decision to proceed is and will remain theirs. At the same time, we will vigorously protect the right of others to respond—and to address offensive expression with expression of their own.
I plan to attend a Eucharistic Holy Hour and Benediction at St. Paul's Church on our campus on Monday evening in order to join others in reaffirming our respect for the Catholic faith at Harvard and to demonstrate that the most powerful response to offensive speech is not censorship, but reasoned discourse and robust dissent."